The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-09-10
TRADE REVIEW
FOR THE WEEK. JUST CLOSED
H. q. Dun q Co.'s Weekly stnteme OF nt-G ren
Improvement In Commorcs mud Industry
Iron: AIllfs Pressed with Orders.
Money Active aud Colleclions Fair,

New foHk, Sept o.-R. G. Dun & Go.
In their weekly review Of trades, aays
Commerce and industry have i'm proved
while speculation has slacksnea. A yer,
different result was expected when It wal
announced a week ago that syndicate
had undertaken to raise sl0,000,O0O 10,
tho Baltimore 4 Ohio and to establish
harmony between the trunk lines. AT
frat stock rose quickly an average Of 81
per ahare, but soon It was seen that the
borrowing OF millions by a great com.
pany did not necessarily mean or bring
prosperity, aud heavy decliues in Balti.
more & Ohio and other stocks affected by
the Ives failure followed, and a gradual
reaction toward lower pricss and specu.
lative inactivity has continued this week.
On the other hand evidence appears Of a
decided improvement in legitimate busi.
ness with larger sa!es, larger production
and q more whoegomo feeling even In
branches latoly noat depressed. :
The improvement In the wooden goods
trade Is clearly marked, though that trade
cannot yst be called active. Lover prices
Tor woolen gooda encourage manufacturers
and tho demand for goods is broadening.
Distribution Of cotton continues lsrpe.
with especial demand for tho best ouali.
ties. Iron furnaces OF 1922 toas ca
pacity were in blast September /, the
largest output yet reported. The incrcaee
since q year ago Is l42 per cent. Dis.
heartenment in some quarters leot an ont.
put far surpaesing tho consumptive de-
mand should depress prices is met by the
1act that the best grades are SCARCE and
we'll suntained, though in other grades
and brands not well known weakness ap.
pears.
Tho mills in which lion is worked into
forms OF use are generally pressed with
ordera; bar iron has good demand; the
orders for sheet, plate and tank iron press
the works to their full capacity. Makers
OF structural iron arc crowded, and the
nail businoss slightly better. In stee!
rsils, though oven the Thomaa Company
ael!s at $50 for winter delivery and the
in prices dishoartens some
makers, there is q general disposition to
shutout foreign products and facilities for
at lover cost are steadily in.
creasihg.
Wheat speculation seems to have gone
into Bankruptcy. staguation ruling in
OF the reduction Of Liverpool freight rates
to lsd. The price has lifted only an !
eighth the past week, while corn and csts
have risen tc, pork 25c per Dbl. and lard |
l0c per 10Oibs. Oil has rsissd Sc in belief !
that producers will succeed in limiting
the supply. Sugar Ghows a tendency to
boom. having risen 1Sc per 100 lbs., while
coffee ia sc weaker, high rGtcs for money
affecting Brazil holders. Large offerinoa
81 tea OF suction resulted in moderate
prices and the rice market is improving in
activity. Supplies ere very liberal and
prices for grades under extra arc irregular.
Evidence OF general improvement comes
'som nearly all cities.
There is a remarkably heavy distribu-
ion OF hardware and farmers suppIiea at
Chicago and st. Louis, with activity of
banks, not from speculative demands, and
reports Of nine.
Money is generally activo at interior
points, and collections are fair. The lsrpa
,uppiien OF money from Europa ALREADY
received and on the way clear OF heavy
oans which have tied up home capital,
and thus promise much ,sl;et. Failures
1t New Haven and Philadelphia have in
vo!vod come minor houses but do not in
iicato especial weakneaa IN any particular
branch OF trade. For the preaent the
'!gns favor q large and profitable fall
ouelneeo, rn!ers monetary etringency
,hou!d interrupt. The business failrras
iurins the last ssven days number for the
United States 152, for Canada 90; total
IA, compared with 199 last week, and
l7G in the corresponding week CT last year. !